Expledge.com Employment Agency’s Post

The Bureau of Labor Statistics (BLS) reported a gain of 353,000 #jobs in January 2024, exceeding Dow Jones’ 185,000 estimate. The national unemployment rate remained at 3.7% for the second consecutive month. Most of the monthly #jobgrowth occurred in the professional and business services sector with 74,000 jobs added. In addition, temporary help services jobs increased by 4,000. The November and December reports were both revised up to 182,000, and 333,000, respectively, which is an increase of 126,000 jobs than initially reported. View the complete #jobsreport here: https://lnkd.in/gvmPKXVU Will we see high hiring rates in February? Click the “like” button if you agree, leave a comment if you disagree.

The Bureau of Labor Statistics (BLS) reported a gain of 275,000 #jobs in February 2024, surpassing Dow Jones’ 198,000 projection. The national unemployment rate increased slightly from 3.7% to 3.9%.   With 52,000 jobs gained, the government sector had the highest monthly job growth in February. The December 2023 and January 2024 reports were both revised down to 290,000, and 229,000, respectively, which is a combined decrease of 167,000 jobs. Read the #jobsreport below: https://lnkd.in/g_2cZvus   Will we see a monthly job gain higher than 250,000 to close out Q1? Click the “like” button if you think we will, leave a comment if you feel differently.

The August new jobs report was lighter than anticipated with 142,000 new jobs created. Unemployment did decrease to 4.2%. Here is a link to the full release in case you really like digging into the data! #jobs #economy #economicdata #interestrates #fed https://lnkd.in/gZPg9RFM

Jobs Friday Update 📊 U.S. Jobs Report: Key Insights for June 2024 Today’s Non-Farm Payrolls report has been released, providing a crucial look into the current state of the U.S. labor market. Here’s a quick breakdown of the key figures: 1. Non-Farm Employment Change: The U.S. economy added 272,000 jobs in May, significantly higher than the monthly average gain of 232,000 over the past year. This robust growth highlights strong employment trends across various sectors. 2. Unemployment Rate: The unemployment rate held steady at 4.0%, with little change in the number of unemployed persons, which remains at 6.6 million. 3. Sector Highlights: - Healthcare: Added 68,000 jobs, continuing its strong growth trend. - Government: Employment increased by 43,000. - Leisure and Hospitality: Continued to rebound with an addition of 42,000 jobs. - Professional and Technical Services: Also saw significant gains, reflecting a strong demand for skilled labor. Market Implications: This robust job growth suggests continued economic expansion and could influence Federal Reserve policy decisions in the coming months. Investors should monitor how this data impacts market sentiment and adjust their strategies accordingly. Stay informed with the latest market updates and insights. #JobsReport #Economy #Employment #LaborMarket #WalkerCapitalPartners Sources: - U.S. Bureau of Labor Statistics - https://lnkd.in/e8aFakB - FRED | Federal Reserve Bank of St. Louis - https://lnkd.in/gG_jnuxy

#Jobgrowth slowed in April 2024, following the Bureau of Labor Statistics (BLS) report of employers adding 175,000 #jobs in April. The national unemployment rate ticked up slightly to 3.9%, the highest level since January 2022; it remains below 4%, as it has for over two years.   The April 2024 jobs report also showed the job market continued to grow, and this slower pace may lead to more ideal conditions for the Federal Reserve to begin cutting record-high interest rates. View the complete #jobsreport below: https://lnkd.in/gXNRgdAQ   Click the “like” button if you think we’ll see similar moderate hiring totals through the rest of Q2.

Last week, the Bureau of Labor Statistics (BLS) released the April 2024 jobs report and the results demonstrate mild improvement. While the unemployment rate rose from 3.8% to 3.9%, only 175,000 jobs were reportedly added; the slowest job gain in six months and below market expectations. The average weekly hours worked in April also declined, potentially translating to slowing consumer spending and declining inflation. Overall, April’s job data was softer than expected, indicating that the labor market is cooling its demand. These factors withstanding, the comprehensive job market still remains foundationally strong and moving in the right direction. This should help Fed officials regain some confidence that inflation can get back to its 2% target over time. What does this mean for employers and candidates? Less jobs were added this month marking a slowdown in hiring and unemployment increased. More people are available or interested in a new role with now less jobs open, creating a competitive candidate market. However, candidates can look to industries such as HealthCare, that added the most jobs last month and continues to be unaltered in the regard. For more information, click on the link below. https://lnkd.in/gk-6zCb

February 2024 saw employment numbers surpassing analyst projections, continuing the trend of outperforming expectations. Despite the addition of 275,000 jobs, particularly in the healthcare and government sectors, the unemployment rate edged up by 0.2% to reach 3.9%. Additionally, there was a decrease in total open positions from December 2023 to January 2024. This, combined with the uptick in unemployment, suggests a possible shift back to an employer-driven market. #jobsreport #jobs https://lnkd.in/gXSkZqqP

April's jobs report is out from the Bureau of Labor Statistics. The headline? Not much has changed from last month. Total nonfarm payroll employment increased by 175,000. Unemployment relatively unchanged (and has been stable since August). With some economists calling for a recession in 2023, and then again in 2024... it's looking like the economy is ignoring them. #economy #jobs #unemployment #economics #employment #workers https://lnkd.in/e-Ky2Een

Employers added 308K jobs in March 2024 (economists expected 214K)...unemployment fell from 3.9% to 3.8%. Wages increased 0.3%, an increase from February's 0.2% gain. The largest employment increase was in healthcare & government, and the third largest was in construction. ADP reported that 185K private jobs were added in March (cf. 155K in February). Fed rate cuts may not happen "until second half of this year (2024)" (Paul Ashworth, US economist at Capital Economics). Lastly, in the CBO Budget & Economic Outlook report, dated February 2023, forecasted PCE was 2.4% in 2024, according to the BEA it is still at 2.8%. Inflation is remaining 'sticky'. https://lnkd.in/ecrKp9_d

The U.S. Bureau of Labor Statistics reported today that the number of jobs added in February (275,000) increased from the previous month, and the unemployment rate also increased to 3.9% in February (up from 3.7% in January). Both estimates were a little higher than what many economists expected. Job growth was driven by healthcare, government, and restaurants and bars. The unemployment rate increase was due to downward revisions (of jobs) to December and January data. https://lnkd.in/e8aFakB #visionretirement #unemploymentrate #economynews